Freeway Traffic Halted

Traffic jams are the worst. Nothing sours the mood quite like inching your way forward on the way to work with nothing waiting for you but another Monday at the office. It could be worse, though. In fact, sometimes freeways come to a complete standstill.

• Cryptocurrency investment platform Freeway paused services yesterday, having an expectantly devastating effect on the price of its token, which fell over 80% following the news.
• Freeway attracted a substantial following with claims of offering over 40% annual returns using a mechanism called ‘Superchargers‘. These rewards were paid out in both crypto and fiat denominations.
• Users would deposit into the platform, receiving these Superchargers in return, which were tied to a specific yield generation. They could then ideally be ‘sold’ back to Freeway to recover the initial deposit.
• However, Freeway said in a statement released that “we will not be buying Supercharger simulations until our new strategies are implemented.”, and later went on to say that it “has decided to diversify its asset base to manage exposure to future market fluctuations and volatility ensuring the long term sustainability and profitability of the Freeway Ecosystem.”

This unexpected roadblock preventing users from exiting the Freeway ecosystem has left many unsatisfied customers to say the least. One of the protocol’s Telegram community members summed it up with a statement, “I can’t liquidate my supercharger and get my funds bc FREEWAY is ‘temporarily’ not buying back the superchargers they sold me.”

If an opportunity seems too good to be true, it probably is – especially in a bear market.